PUCON (Chile): Corruption is a two-way street and fingers should not be pointed at the Government alone in this, International Trade and Industry Minister Datuk Seri Rafidah Aziz said.
It takes two to tango, she told Bernama on Sunday at the end of the two-day meeting of the Apec ministers responsible for trade here.
Rafidah was responding to an interim report prepared by the Apec Business Advisory Council (ABAC) that businesses had recognised the negative influence of corruption on business and trade in the Asia Pacific.
ABAC had called on government leaders to encourage businesses to check bribery in government procurements, and urged businesses to ensure that charitable contributions and sponsorships were not used as a subterfuge for bribery.
The report also made reference to contributions to political parties and individuals engaged in politics.
ABAC said corruption was a scourge that undermined good governance, eroded the rule of law and hampered economic development.
Given that the perverse economic impact of corruption is large enough to derail fair trade, ABAC believes that this needs to be addressed forcefully by governments and businesses in the Apec region, the business body said.
It called for an Apec convention on combating bribery of foreign public officials in international business transactions to be held in conjunction with at next year's Apec Summit in Seoul. Bernama
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